What is Penalty for late filing of Form PAS-3?
Nexa Consultancy | Startup & Finance Glossary
Late filing of Form PAS-3 attracts an ad-valorem penalty based on the number of days of delay. The penalties can become substantial very quickly, making timely filing crucial after any share allotment.
Startup Example: A startup delays filing its PAS-3 by 90 days after a large funding round. It will face significant additional government fees as penalties.
We manage all event-based ROC filings to avoid these costs.